Australian Capital House Prices Decline Across All Cities for First Time in 15 Years

House prices have experienced a decline in every Australian capital city, marking the first time this has occurred in 15 years and only the second time on record. The latest figures from Domain's September Quarter 2026 House Price report indicate a widespread downturn in the property market.

Sydney has seen its house prices reach a two-year low, with a significant 4.7% drop in the September quarter, bringing the median price to $1.66 million. This broad-based fall across all major cities signals a notable shift in the Australian real estate landscape.